Constellation Energy vs Southern Company (CEG vs SO)
Constellation Energy (CEG) vs Southern Company (SO) in plain English: P/E, growth, margins, debt and dividend side by side, key differences and which fits each investor profile.
Constellation Energy (CEG) and Southern Company (SO) compete in utilities and renewables. Here are Constellation Energy and Southern Company side by side with their real figures as of November 4, 2026: what sets them apart, which fits each kind of investor and the most common questions, without telling you whether to buy Constellation Energy or Southern Company.
Constellation Energy vs Southern Company: the figures
| Figure | Constellation Energy | Southern Company |
|---|---|---|
| Share price | $245.72 (November 4, 2026) | $93.12 (November 4, 2026) |
| Market cap | $87.1 billion | $107.1 billion |
| P/E (TTM) | 24.0x | 22.4x |
| Forward P/E | 18.3x | 18.9x |
| Revenue growth (quarter) | +23.0% | +0.1% |
| Net margin (TTM) | 11.1% | 15.4% |
| Net debt / EBITDA | 3.0x | 5.2x |
| Dividend yield | 0.65% | 3.24% |
| Beta | 1.13 | 0.29 |
Constellation Energy and Southern Company figures from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026; N/A means that Constellation Energy or Southern Company figure is not available, and we never estimate it.
3 key differences between Constellation Energy and Southern Company
- Growth: Constellation Energy grew sales +23.0% year on year in its latest quarter, against +0.1% for Southern Company.
- Dividend: Southern Company yields 3.24% at today's price and Constellation Energy yields 0.65%.
- Volatility: Constellation Energy stock moves more (beta 1.13) than Southern Company (beta 0.29); the higher the beta, the more it amplifies market swings.
Constellation Energy or Southern Company: which fits your profile
- If you want growth: Constellation Energy is growing faster today, so it fits better with investors who put business growth first, usually accepting a higher P/E and a bumpier ride.
- If you want income (dividends): Southern Company pays the higher dividend relative to its price.
- If you prefer caution: Constellation Energy has less debt relative to its profit, which usually gives more room in a bad year.
- If price is what matters most to you: Southern Company trades on the lower P/E; check first whether that is an opportunity or a sign of a business that grows less.
Neither Constellation Energy nor Southern Company wins on everything, and owning both is also an option: spreading money across several companies or an index fund reduces what rides on each one.
How Constellation Energy and Southern Company make money
Constellation Energy (CEG)
Constellation Energy generates power mainly from nuclear plants, plus gas, hydro and renewables, selling it to businesses, households and U.S. wholesale markets. It reports regional segments such as Mid-Atlantic, Midwest, New York and ERCOT, and has signed long-term power deals with Microsoft and Meta to supply their data centers. Full Constellation Energy analysis.
Southern Company (SO)
Southern Company owns regulated utilities in the U.S. Southeast: Georgia Power, the largest, Alabama Power and Mississippi Power, which charge rates set by regulators. Southern Power sells electricity wholesale, and Southern Company Gas distributes natural gas through companies like Nicor Gas and Atlanta Gas Light. Full Southern Company analysis.
Frequently asked questions: Constellation Energy vs Southern Company
Is Constellation Energy or Southern Company the better stock?
Choosing between Constellation Energy and Southern Company depends on what you are looking for. Constellation Energy is growing faster right now, and Southern Company trades on the lower P/E. Fintols does not tell you whether to buy Constellation Energy or Southern Company: it shows you the differences so you can decide.
Which pays a higher dividend, Constellation Energy or Southern Company?
As of November 4, 2026, Southern Company yields 3.24% and Constellation Energy yields 0.65%. Also check how much of their profit Constellation Energy and Southern Company pay out: if it is more than they earn, it cannot last.
Which is more expensive, Constellation Energy or Southern Company?
On P/E, Constellation Energy (24.0x) is more expensive than Southern Company (22.4x) as of November 4, 2026. A higher P/E can be justified if earnings grow faster, so compare it with each company's growth in the table.
Can I own both Constellation Energy and Southern Company?
Yes. Many people spread their money across several companies, such as Constellation Energy and Southern Company, or use index funds so they do not depend on just one. If you are starting out, decide how much you want to invest and for how long before buying Constellation Energy or Southern Company.
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More companies like Constellation Energy and Southern Company: utilities and renewables stocks. Educational content about Constellation Energy and Southern Company, not investment advice.